Economy · India

Income Tax Return Filing Deadline Passes; Penalties Apply for Late Filers

The deadline for filing income tax returns (ITR) was July 31. Nearly 5.9 crore returns were filed by this date, a figure lower than the previous year's extended period. Taxpayers can still file returns until December, but will incur a penalty. For those who did not file by the deadline, specific conditions and penalty charges for late filing apply, with different rules for business income filers. Some categories of non-audit businesses and professionals have been granted an extension until August 31.

How outlets across the spectrum covered it

Left 0 · Centre 5 · Right 1   n = 6

More balanced coverage on Paksh →